We will not pursue the potential acquisition of FTX

Re:We will not pursue the potential acquisition of FTX by Nathanba on Wednesday November 09, 2022 @07:38PM (#33540505)

I've never even heard of FTX and I've been in the crypto space for many years. Binance however was always near the top since it came out. There was one american exchange that used to be nr.1 but became irrelevant after they weren't allowed to serve non-americans anymore. I can't remember the name and it isn't in the top 300 anymore, maybe they had to shut down.

EDIT: I just checked and FTX was only founded 3 years ago

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Re:We will not pursue the potential acquisition of FTX by jjitz on Wednesday November 09, 2022 @10:29PM (#33541836)

I hate to gatekeep, but I find it pretty impossible that you are "in the crypto space" in any meaningful sense but somehow have not heard of FTX. That's like being "in the crypto space" but not knowing what Ethereum is.

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Re:We will not pursue the potential acquisition of FTX by jcpham2 on Wednesday November 09, 2022 @10:45PM (#33541954)

Unfortunately I can echo the crypto space sentiment for as long as such an expression can exist

I’ve never touched Bitfinex/FTX/Binance or any exchange that allows options or leverage. I am a US citizen. Bitstamp Gemini or Coinbase are the only ones I’ll touch

And I’m pissed off that coinbase removed the BTC/USDC trading pair because it had low volume

Why will I not touch them? That’s a long story but I see history repeating itself - fractional reserve Bitcoin banks paying ponzi interest

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Re:We will not pursue the potential acquisition of FTX by BLKNSLVR on Thursday November 10, 2022 @04:26AM (#33544102)

How about Kraken? They've weathered a few winters.

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Re:We will not pursue the potential acquisition of FTX by jcpham2 on Thursday November 10, 2022 @11:09AM (#33548528)

Kraken I trust but I've never used. For perspective, I've traded roughly a million dollars worth of BTC specifically. Most of that was as the knife was falling after the 2017/2018 ATH.

DCA-ing since then, selloff at the top in 2021, pull my limit sell orders, let it crash.

Doing it again now, kinda hard not to take advantage of deflationary 4-year super cycles

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Re:We will not pursue the potential acquisition of FTX by Semaphor on Thursday November 10, 2022 @12:27AM (#33542601)

Never heard of FTX either until this whole implosion happened. I’m certainly not super active in crypto, but it seems to me there are worlds between Binance and FTX.

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Re:We will not pursue the potential acquisition of FTX by grey-area on Thursday November 10, 2022 @03:25AM (#33543712)

Binance is also incredibly dodgy and will also collapse along with buttoned, tether and multiple other frauds in this space.

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Re:We will not pursue the potential acquisition of FTX by dncornholio on Thursday November 10, 2022 @04:24AM (#33544093)

It's absolutely possible to have missed FTX. It really isn't that well known or hyped. It's certainly not comparable to Ethereum....

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